Bank account opening assistance in Ireland
Ireland stands as a prominent player in Europe and globally, thanks to its advantageous conditions for managing and growing accounts and deposits. Its banking system is highly appealing for international business operations. While not an offshore haven, Ireland’s tax system and favourable terms for deposit interest distribution make it more appealing than many traditional offshore zones worldwide.
Opening a bank account in Ireland, whether for individuals or corporations, can be achieved within just one day. The required documents vary depending on each bank’s specific requirements.
Bank Account in Ireland
Leading Banks in Ireland
ACC Bank is known for its high confidentiality standards, which may extend the bank account opening process to up to three months. It caters to the local population and businesses.
AIB Group offers account opening services for all types of accounts to residents. Its popularity among the Irish stems from competitive mortgage and personal loan rates. Additionally, AIB Group facilitates remote banking through its internet banking services.
Bank of Ireland offers nearly identical services to residents and non-residents alike. It is a preferred choice for foreigners relocating to Ireland, owing to its customer-friendly approach.
Banking 365 Online operates exclusively online, focusing on innovative Internet banking
Several key factors should be considered when going through the account opening procedure:
- Banking service and transaction fees.
- Additional bank charges, such as for document certification and Apostille services.
- Features linked to the account, like additional services offered.
- The capability to handle transactions in various currencies.
Ireland is a highly appealing destination for non-residents looking to establish a business. Individuals, entrepreneurs, and company representatives can open bank accounts in Ireland. Our team of lawyers and authorized agents handle all necessary procedures.
Our experts at Regulated United Europe ensure efficient outcomes thanks to their extensive knowledge and experience in banking and international law, significantly reducing the likelihood of rejections by Irish banks.
If you’re aiming to open a business bank account in Ireland, our team is ready to provide assistance. With eight years of experience in facilitating bank account openings across Europe, we leverage our broad network of reliable partners in the European financial sector to deliver optimal and cost-effective solutions that enhance the operations of the businesses we work with.
Open a Bank Account in Ireland for Individuals and Legal Entities
The banking system of Ireland is famous for the lowest rates in comparison with financial institutions in Europe. It will not be difficult for a non-resident to open a bank account in Ireland, which is why this Western European country is popular in registering international business. Not being an offshore zone, Ireland’s tax schemes are characterized by zero rates. Also, the specifics of the legislation provide for cases when the income tax can be reduced to 10% of the amount.
Both individuals and legal entities can open an account with the Bank of Ireland. Due to the possibility of rapid capital increase due to low taxes and the creation of a high level of competitiveness, Ireland is an ideal place to give additional financial leverage for systemic development.
Local financial institutions open a personal bank account in Ireland, mainly for residents. The exceptions are wealthy private clients with large amounts of deposits. Registration of residents and non-residents in local banks differs in the number of documents required for registration.
Offshore in Ireland
There are special economic territories in the state that can be called offshore – Shannon and the Dublin Financial Services Center. Until the beginning of the XXI century, a feature of the jurisdiction of these territories was zero taxation of foreign corporations. This served to develop the attractiveness of the country for global investors, as a result of which hundreds of large corporations were registered here. Today, this law has been repealed, but despite the insignificant fee for deposits (within 12.5%), Ireland remains one of the most profitable countries for capital investment.
It is worth noting that in order to use an offshore account here, bank managers need to submit an annual financial report to the company. Thus, the leadership of this country avoids the possibility of cooperation with prohibited types of business (in the global sense).
How do I open a bank account?
Not only Irish citizens can open bank accounts. Non — resident individuals and legal entities are also allowed to open an account with a financial institution.
For this individual, you need:
- confirmation of the address in the applicant’s country;
- proof of address in Ireland;
- statement confirming the financial situation from another banking institution (if there are other active accounts);
- a copy of your passport.
Our specialists can provide detailed information about the requirements related to opening a bank account by non-residents.
When performing the procedure, several aspects must be taken into account:
- fees for banking services and transactions;
- bank fees (for document certification, Apostille, etc.);
- services connected to the account;
- ability to perform operations in other currencies.
Ireland is one of the most attractive countries for starting a business for non-residents. Non-residents, such as individuals, entrepreneurs, and representatives of companies, can open a bank account. All actions are performed by our lawyers and affiliated power of attorney agents.
With the help of our specialists, you will be able to achieve the desired result in the shortest possible time. High qualifications and experience in banking and international law allow us to minimize the number of refusals from Irish banks.
If you wish to open a business bank account in Ireland, our team here at Regulated United Europe will be delighted to assist you. We have eight years of experience in helping clients to open bank accounts in Europe. We tap into our vast network of trusted partners in the European financial services industry to offer the most suitable and cost-effective solutions that improve the functioning of the businesses we serve.
|Assistance in opening a corporate bank account
“Starting a business in Ireland is a streamlined process, particularly considering Dublin’s reputation for fostering a business-friendly atmosphere. Given my specialization in this field, I am eager to offer assistance. Please feel free to reach out to us for further information.”
RUE customer support team
“Hi, if you are looking to start your project, or you still have some concerns, you can definitely reach out to me for comprehensive assistance. Contact me and let’s start your business venture.”
“Hello, I’m Sheyla, ready to help with your business ventures in Europe and beyond. Whether in international markets or exploring opportunities abroad, I offer guidance and support. Feel free to contact me!”
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